The Texas economy gained 255,300 nonagricultural jobs from December 2012 to December 2013, an annual growth rate of 2.3 percent compared with 1.6 percent for the United States.
According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the state’s information industry (which includes publishing, software and telecommunications companies) ranked first in job creation followed by the mining and logging industry, professional and business services, trade, leisure and hospitality, and construction. All Texas industries had more jobs last month than a year ago.
The state’s nongovernment sector added 245,700 jobs, an annual growth rate of 2.7 percent compared with 2 percent for the nation’s private sector.
All Texas metro areas except Wichita Falls, Texarkana, and El Paso had more jobs. Midland ranked first in job creation, followed by Odessa, Corpus Christi, Longview, Houston-Sugar Land-Baytown, Lubbock and Austin-Round Rock-San Marcos.
Texas’ seasonally adjusted unemployment rate fell to 6 percent last month from 6.2 percent a year ago. The nation’s rate decreased from 7.9 to 6.7 percent.
The state’s actual unemployment rate was 5.6 percent. Midland had the lowest unemployment rate, followed by Odessa, Amarillo, Lubbock, Abilene and San Angelo.